XRP price was the best performer in the cryptocurrency market recently amid relief from Ripple Labs and broader market sentiment. The altcoin is up nearly 10% over the past week, and its year-to-date price remains at 57.57%. XRP’s overall market capitalization rose 7.85% over the past day to $28.57 billion, ranking it the 5th largest asset class.Day After Binance Coin. Additionally, the total volume of digital assets traded increased by 137% during the same period. Mitigation against ripple XRP price has remained in the green for three days in a row and is currently above the bullish support zone of…
Author: Crypto Flexs
Read More
November 24th Tether and Bitfinex agreed to withdraw their opposition to the FOIL request. Posting time: 13:00h announcement by admin Tether and Bitfinex place a high value on transparency, a core principle of the cryptocurrency industry. Our commitment to transparency has been evident through past actions, such as Tether withdrawing its objection to a New York Freedom of Information Act (FOIL) request filed by Coindesk earlier this year. However, it is important to be clear that transparency does not mean wholesale disclosure of all documents. This approach is inconsistent with standard business practices. Despite the concerns raised regarding the nature…
Last week, Bitcoin (BTC) closed at around $37,000, up 5.9% from the previous week’s closing price of $35,000. This week saw strong price action as we witnessed BTC fluctuating with consecutive daily price increases from Monday to Friday. The highest trading price was observed on Thursday, reaching nearly $38,000. After this peak, prices fell slightly, stabilizing around $37,000 from Friday into the weekend. BTC dominance, which measures Bitcoin’s market capitalization relative to the overall digital asset market, has declined for the second week in a row to about 52.3%. This is a 0.7% decrease from the previous week, highlighting the…
Andreessen Horowitz (a16z) plans to raise $3.4 billion for its next seed and early stage fund. It is reported that fundraising activities are scheduled to begin later this year. According to Axios, Silicon Valley-based cryptocurrency-friendly venture capital firm Andreessen Horowitz (a16z) is targeting approximately $3.4 billion for its next early-stage and seed-stage fund. According to the report, a16z’s core fund will see a slight increase compared to previous efforts. New growth, cryptocurrency and bio vehicles Andreessen Horowitz is one of the VCs bullish on the AI space, where investment is growing significantly. However, as AI projects have found great success…
November 23, 2023, Decentralized Finance (DeFi) space is shaken This was accomplished through a carefully planned exploit against KyberSwap, a leading decentralized exchange (DEX). The exploit, which Doug Colkitt, founder of Ambient Exchange, called “the most complex and carefully designed” he had ever seen, resulted in losses of approximately $46 million. To understand the complexity of the exploit, you must first understand ‘concentrated liquidity’. This feature, commonly used in DEXs such as KyberSwap, Uniswapand Ambient allow liquidity providers to increase capital efficiency by allocating assets within specific price ranges. However, this mechanism also introduces unique vulnerabilities that were exploited in…
The price of Ethereum has been on a steady and massive rise over the past few weeks, and the past seven days have not been much different. The altcoin surpassed $2,100 on Friday, November 24, and is now on track to hit a new yearly high. Interestingly, recent on-chain disclosures have provided insight into the future prospects of the cryptocurrency while also revealing what is causing the latest ETH price surge. On-chain data shows whales continue to buy ETH. Ali Martinez, a well-known cryptocurrency analyst, wrote in a post on According to on-chain data from Glassnode, ETH whales have been…
When Andre Cronje launched Yearn Finance (YFI), the DeFi craze was in full swing. The two events combined to send the sector into a complete frenzy. Uniswap’s UNI airdrop and governance token YFI broke all predictable resistance and reached $30,000. At the time, Bitcoin was trading at around $10,000. Now, after a downtrend, YFI seems ready to reach new highs. YFI is trading at $51.386 on the 24-hour chart with a gain of 15.4%. During the week, YFI rose 15.9%. YFI showing bullish momentum on the 24-hour chart. Source: YFIUSDT Tradingview Data from DeFi Pulse indicates a very optimistic outlook…
Phantom Foundation Director Andre Cronje confirmed that an employee lost $7 million worth of cryptocurrency in a phishing attack. However, all Phantom Foundation funds were safe. FTM prices fell following the news. A Phantom Foundation employee lost $7 million worth of cryptocurrency due to a phishing attack on his personal wallet. Co-founder and architect Andre Cronje said the attack did not affect user funds or the Phantom Foundation’s funds. the block. Previous reports incorrectly stated that the exploit ended with the attackers draining the Phantom Foundation’s wallet, causing the native Phantom (FTM) token to plummet. However, while zero-day exploits have…
BitMEX co-founder Arthur Hayes is bullish on Bitcoin (BTC). Hayes shared his thoughts on Hayes called U.S. Treasury Secretary Janet Yellen “Bad Gurl Yellen.” In post, Hayes encouraged his fellow Bitcoin enthusiasts to remain focused, highlighting the significant increase in US dollar liquidity. He suggested that BTC would rise in price to reflect the increase in dollar liquidity.advertising The attached chart shows the net change in RRP and TGA balances, indicating a possible link between increased dollar liquidity and BTC price. I got on my feet and observed how Bad Gurl Yellen is busy pumping out financial assets. Don’t get…
Bitcoin (BTC) has a new BTC price target to consider as the cryptocurrency market falls due to a series of liquidations.BTC/USD 1-hour chart. Source: TradingViewBinance, the largest global exchange, faces a hefty fine due to regulatory enforcement actions by the U.S. Department of Justice. CEO Changpeng Zhao, informally known as CZ, will have to leave his position and could even go to jail.This was a watershed moment for one of the biggest names in the cryptocurrency industry, and the market undoubtedly reacted with understandable concern.BTC/USD fell to $35,600, its lowest level since November 16, according to data from Cointelegraph Markets…